Equities Analysts Issue Forecasts for ServiceNow Q3 Earnings

ServiceNow, Inc. (NYSE:NOW - Free Report) - Equities research analysts at Capital One Financial increased their Q3 2025 earnings estimates for ServiceNow in a research report issued to clients and investors on Wednesday, April 23rd. Capital One Financial analyst C. Murphy now anticipates that the information technology services provider will earn $1.87 per share for the quarter, up from their previous forecast of $1.82. The consensus estimate for ServiceNow's current full-year earnings is $8.93 per share.

A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity Group cut their target price on ServiceNow from $1,275.00 to $900.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI lifted their target price on ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday. Oppenheimer lifted their price objective on shares of ServiceNow from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Citigroup dropped their price target on ServiceNow from $1,426.00 to $1,082.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of ServiceNow in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company's stock. According to MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and a consensus price target of $1,032.94.

ServiceNow Stock Up 0.8 %

NOW stock opened at $946.08 on Monday. The firm's 50-day moving average is $838.68 and its two-hundred day moving average is $967.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $195.84 billion, a price-to-earnings ratio of 138.52, a price-to-earnings-growth ratio of 4.51 and a beta of 1.08. ServiceNow has a 52 week low of $637.99 and a 52 week high of $1,198.09.

ServiceNow declared that its board has approved a share repurchase program on Wednesday, January 29th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity at ServiceNow

In related news, Director Larry Quinlan sold 415 shares of ServiceNow stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,007.41, for a total value of $418,075.15. Following the completion of the sale, the director now owns 1,737 shares of the company's stock, valued at approximately $1,749,871.17. The trade was a 19.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gina Mastantuono sold 4,442 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $964.70, for a total transaction of $4,285,197.40. Following the transaction, the chief financial officer now directly owns 11,126 shares in the company, valued at $10,733,252.20. The trade was a 28.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,250 shares of company stock valued at $19,853,273. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Union Bancaire Privee UBP SA bought a new position in shares of ServiceNow in the fourth quarter valued at approximately $48,802,000. Dock Street Asset Management Inc. grew its stake in ServiceNow by 3.4% in the 4th quarter. Dock Street Asset Management Inc. now owns 33,154 shares of the information technology services provider's stock valued at $35,147,000 after buying an additional 1,105 shares during the last quarter. Cardano Risk Management B.V. bought a new position in ServiceNow in the 4th quarter worth $105,090,000. Rheos Capital Works Inc. acquired a new position in ServiceNow during the 4th quarter worth $10,071,000. Finally, Czech National Bank boosted its holdings in ServiceNow by 6.7% during the fourth quarter. Czech National Bank now owns 44,793 shares of the information technology services provider's stock valued at $47,486,000 after acquiring an additional 2,829 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

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